Westminster hammering home owners and first time buyers

Independence is key to prosperity in Scotland

The SNP has said “independence is essential to securing prosperity in Scotland” - as the typical two-year fixed mortgage deal breaches 6% in the UK.

Amid fresh warnings from former Bank of England governor Mark Carney that Brexit is to blame for the UK's stubborn inflation, which is forcing the Bank of England to raise interest rates, David Linden MP said the damaging policies of the Tories and pro-Brexit Labour Party are "wrecking the economy and hammering millions of home owners and first time buyers" and challenged the UK government to do more to prevent people losing their homes as a result of Westminster failure.

Commenting, SNP Social Justice spokesperson David Linden MP said:

"The Tories and pro-Brexit Labour Party are wrecking the economy and hammering millions of home owners and first time buyers, who are being forced to pay extortionate mortgage bills as a result of Brexit and Westminster failure.

"Many will find these soaring mortgages completely unaffordable - and there is a very real danger people could lose their homes, or fall into serious debt, as a consequence of these damaging Westminster policies.

"The SNP is the only party offering real change with independence, which is essential to securing prosperity in Scotland.

"The UK government must take urgent action to protect people at risk of losing their homes - and to bring inflation and mortgage rates back down to manageable levels but independence in Europe is the only credible way for Scotland to secure sustained economic growth and reverse the damage being caused by Brexit.

"At the election next year, voting SNP is the only way to secure independence, tackle the cost of living, and get rid of unelected Tory governments for good."